Section 105. Repayment plan. –

1) The debtor shall prepare, in consultation with the resolution professional, a repayment plan containing a proposal to the creditors for restructuring of his debts or affairs.

(2) The repayment plan may authorise or require the resolution professional to –

• (a) carry on the debtor’s business or trade on his behalf or in his name; or
• (b) realise the assets of the debtor; or
• (c) administer or dispose of any funds of the debtor.

(3) The repayment plan shall include the following, namely: –

• (a) justification for preparation of such repayment plan and reasons on the basis of which the creditors may agree upon the plan;
• (b) provision for payment of fee to the resolution professional;
• (c) such other matters as may be specified.